Usufruct
R.S. 22:117

Dividends ACTIVE

No domestic mutual insurer shall pay any dividends to its policyholders unless it has a surplus beyond the initial minimum surplus required and all other liabilities, except a liability created under R.S. 22:116(2), equal to fifteen percent of such initial minimum surplus.

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JSON Markdown Source (legis.la.gov)

References

Cited by

None.

History

  • enactment Acts 1958, No. 125
  • amendment Acts 2009, No. 503, §1

Section navigation

Cite R.S. 22:117

Bluebook
La. Rev. Stat. Ann. § 22:117 (2026).
Permalink
https://theusufruct.com/rs/title-22/section-117
BibTeX
@misc{larevstat-22-117,
  title        = {La. Rev. Stat. Ann. § 22:117},
  howpublished = {Louisiana Revised Statutes},
  year         = {2026},
  url          = {https://theusufruct.com/rs/title-22/section-117},
  note         = {Snapshot 2026-05-22}
}